The overall trend is downward. The ascending wave pattern is truncated. The currency pair is trading in the range of the upper limit of the descending price channel. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overbought conditions.
monitor the price movement …
The Australian dollar against the US dollar pair returned to decline after consolidating below the 0.7375 level, and the EMA50 constitutes good negative pressure in front of the price, to support the chances of continuing the bearish trend that targets the 0.7230 level as a next station.
It should …
The Australian dollar fluctuated in a narrow range tilted to the downside during the Asian session against the US dollar, while looking forward to the speech of the Assistant Governor of the Reserve Bank of Australia, who is responsible for the Risk Management Committee, Jay Debell, at the US Foreign …
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